FRATEC MANAGEMENT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FRATEC MANAGEMENT
Largest movements
- Cash +€32,677
up €32,677 (+50.2%), from €65,126 to €97,803
mainly Net result for the year (+€30,061) and Other debts (+€20,089)
- Receivables within one year -€5,131
down €5,131 (-45.3%), from €11,322 to €6,191
of which Other amounts receivable: -€4,957
- Other debts +€20,089
up €20,089 (+124.3%), from €16,160 to €36,249
- Reserves +€4,510
up €4,510 (+3.3%), from €135,200 to €139,710
- Gross operating margin +€18,721
up €18,721 (+47.7%), from €39,209 to €57,930
- Taxes +€10,624
up €10,624 (+96.2%), from €11,043 to €21,667
- Other operating charges -€2,049
down €2,049 (-30.8%), from €6,647 to €4,598
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,704 | €187,703 | +€24,999 | +15.4% |
| Fixed assets | 21/28 | €4,732 | €3,168 | -€1,564 | -33.1% |
| Tangible fixed assets | 22/27 | €4,732 | €3,168 | -€1,564 | -33.1% |
| Plant, machinery and equipment | 23 | €967 | €407 | -€560 | -57.9% |
| Furniture and vehicles | 24 | €3,765 | €2,761 | -€1,004 | -26.7% |
| Current assets | 29/58 | €157,972 | €184,535 | +€26,563 | +16.8% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,322 | €6,191 | -€5,131 | -45.3% |
| Trade receivables | 40 | €6,365 | €6,191 | -€174 | -2.7% |
| Other amounts receivable | 41 | €4,957 | - | -€4,957 | |
| Cash at bank and in hand | 54/58 | €65,126 | €97,803 | +€32,677 | +50.2% |
| Deferred charges and accrued income | 490/1 | €1,524 | €541 | -€983 | -64.5% |
| Total equity and liabilities | 10/49 | €162,704 | €187,703 | +€24,999 | +15.4% |
| Equity | 10/15 | €140,210 | €144,778 | +€4,568 | +3.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €135,200 | €139,710 | +€4,510 | +3.3% |
| Distributable reserves | 133 | €135,200 | €139,710 | +€4,510 | +3.3% |
| Profit (loss) carried forward | 14 | €10 | €68 | +€58 | +580.0% |
| Amounts payable | 17/49 | €22,494 | €42,925 | +€20,431 | +90.8% |
| Amounts payable within one year | 42/48 | €22,494 | €42,925 | +€20,431 | +90.8% |
| Trade debts | 44 | €1,093 | €279 | -€814 | -74.5% |
| Suppliers | 440/4 | €1,093 | €279 | -€814 | -74.5% |
| Taxes, remuneration and social security | 45 | €5,241 | €6,397 | +€1,156 | +22.1% |
| Taxes | 450/3 | €4,408 | €5,564 | +€1,156 | +26.2% |
| Remuneration and social security | 454/9 | €833 | €833 | = | 0.0% |
| Other amounts payable | 47/48 | €16,160 | €36,249 | +€20,089 | +124.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,887 | €1,564 | -€323 | -17.1% |
| Other operating charges | 640/8 | €6,647 | €4,598 | -€2,049 | -30.8% |
| Gross operating margin | 9900 | €39,209 | €57,930 | +€18,721 | +47.7% |
| Operating profit (loss) | 9901 | €30,675 | €51,768 | +€21,093 | +68.8% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €31 | €45 | +€14 | +45.2% |
| Recurring financial charges | 65 | €31 | €45 | +€14 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €30,644 | €51,728 | +€21,084 | +68.8% |
| Income taxes | 67/77 | €11,043 | €21,667 | +€10,624 | +96.2% |
| Profit (loss) for the period | 9904 | €19,601 | €30,061 | +€10,460 | +53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,601 | €30,061 | +€10,460 | +53.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.